Puerto Rico's software spending reached approximately $520 million in 2026, reflecting steady growth driven by increased digital transformation efforts. SaaS solutions dominate the market, accounting for 65% of total software expenditure, as local businesses prioritize flexible and scalable cloud services. The average annual software spend per business suggests a mature digital ecosystem, supporting both small enterprises and large corporations in their operational needs.
The number of SaaS vendors operating in Puerto Rico has expanded to 250, indicating a vibrant and competitive market landscape. With 78% of businesses adopting cloud-based software, the digital adoption rate is high, spurring innovation and efficiency gains across sectors. Continued investments in digital infrastructure are expected to further boost software spending and SaaS adoption in the coming years.